Workhorse Group (NASDAQ:WKHS) Share Price Passes Below 50-Day Moving Average – Here’s What Happened

Workhorse Group, Inc. (NASDAQ:WKHS)’s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $3.85 and traded as low as $2.76. Workhorse Group shares last traded at $2.93, with a volume of 101,731 shares trading hands.

Workhorse Group Stock Performance

The firm’s 50 day moving average price is $3.76 and its two-hundred day moving average price is $7.54. The firm has a market cap of $6.03 million, a PE ratio of -0.03 and a beta of 2.68. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.71 and a current ratio of 1.21.

Workhorse Group (NASDAQ:WKHS) last released its quarterly earnings results on Tuesday, March 31st. The company reported ($2.46) EPS for the quarter, beating the consensus estimate of ($8.88) by $6.42. The firm had revenue of $12.52 million for the quarter, compared to analyst estimates of $2.00 million. Workhorse Group had a negative net margin of 606.64% and a negative return on equity of 232.69%. On average, research analysts forecast that Workhorse Group, Inc. will post -3.8 earnings per share for the current year.

Hedge Funds Weigh In On Workhorse Group

A hedge fund recently raised its stake in Workhorse Group stock. Geode Capital Management LLC lifted its holdings in Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,684 shares of the company’s stock after purchasing an additional 11,073 shares during the period. Geode Capital Management LLC owned approximately 0.47% of Workhorse Group worth $49,000 at the end of the most recent reporting period. Institutional investors own 15.98% of the company’s stock.

About Workhorse Group

Workhorse Group Inc is a U.S.-based technology company specializing in the design and manufacture of electric vehicles and drone-integrated delivery solutions. Founded in 2007 and headquartered in Loveland, Ohio, Workhorse focuses on last-mile delivery, combining electric powertrain systems, advanced telematics and proprietary composite bodies to address the growing demand for sustainable logistics fleets.

The company’s core product lineup includes the N-GEN™ chassis, a modular electric vehicle platform available in Class 3–5 configurations, and the C-1000™ all-electric delivery van.